CANTON HISTORICAL SOCIETY INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Principal Officer

KATHLEEN TAYLOR

Phone

8606705865

Tax Period

2024-01-01 to 2024-12-31

CANTON HISTORICAL SOCIETY INC, founded in 1965, is a micro nonprofit that reported $66K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $56K left a modest 15% surplus.

Mission

TO PRESERVE AND MAINTAIN THE HISTORICAL COLLECTION OF THE CANTON MUSEUM. TO EDUCATE VISITORS ON THE HISTORY OF THE TOWN, THE IMPORTANCE OF THE LOCAL MANUFACTURING BASE, LIFESTYLES IN THE VICTORIAN ERA, AND THE TOOLS AND TRADES PRACTICED IN THE AREA. THE LIFE OF SETTLERS AND PROMINENT INDIVIDUALS ARE INCLUDED IN PRIMARY SOURCE MATERIALS.

Program Service Accomplishments

Program 1

Expenses: $4,206 Revenue: $299

MUSEUM OPERATIONS - TOURS ARE GIVEN BY THE MUSEUM STAFF AND OTHERS ON ASPECTS OF LIFE IN THE CANTON ENVIRONS AND DESCRIBING THE USE OF ITEMS CONTAINED IN THE COLLECTION. THE MUSEUM IS OPEN TO THE...

MUSEUM OPERATIONS - TOURS ARE GIVEN BY THE MUSEUM STAFF AND OTHERS ON ASPECTS OF LIFE IN THE CANTON ENVIRONS AND DESCRIBING THE USE OF ITEMS CONTAINED IN THE COLLECTION. THE MUSEUM IS OPEN TO THE GENERAL PUBLIC WITH INDIVIDUALIZED TOURS BEING OFFERED. APPROX 3,000 INDIVIDUALS FROM THE U.S. AND SEVERAL FOREIGN COUNTRIES TOURED THE MUSEUM. SEVERAL OPEN HOUSES ARE HELD EACH YEAR TO ALLOW INDIVIDUALS TO VIEW THE COLLECTION FREE OF CHARGE. THE IN-KIND DONATIONS OF OUR VOLUNTEER STAFF ARE INTEGRAL TO THE SUPPORT OF THESE ACTIVITIES. IN ADDITION TO VIEWING THE COLLECTION, SOME VISITORS USE THE MUSEUM LIBRARY AND COLLECTION AS RESEARCH FOR SCHOOL PROJECTS, AUTHORS WRITING BOOKS ON VARIOUS TOPICS, TV PRODUCERS DOING RESEARCH FOR HISTORICAL SHOWS AND PEOPLE WHO WANT TO DO GENEALOGICAL RESEARCH ON THEIR FAMILIES.

Program 2

Expenses: $29,337 Revenue: $6,082

GROUP TOURS AND LOCAL HISTORY PUBLICATIONS ARE PROVIDED TO MEMBERS AND VISITORS. THE MUSEUM TRIES TO PROMOTE INTEREST IN CONTINUING EDUCATION ABOUT ELEMENTS OF OUR PAST, AND HOW THEY AFFECT OUR...

GROUP TOURS AND LOCAL HISTORY PUBLICATIONS ARE PROVIDED TO MEMBERS AND VISITORS. THE MUSEUM TRIES TO PROMOTE INTEREST IN CONTINUING EDUCATION ABOUT ELEMENTS OF OUR PAST, AND HOW THEY AFFECT OUR CURRENT LIVES THROUGH RESEARCH AND PUBLICATION OF VARIOUS MATERIALS. IN ADDITION SPECIAL GROUP TOURS ARE ARRANGED FOR STUDENTS, SENIORS, SCOUTING GROUPS, AND OTHERS WHO ARE INTERESTED IN SPECIFIC ASPECTS OF THE MUSEUMS COLLECTIONS. THE MUSEUM GIFT SHOP CARRIES SEVERAL BOOKS RELATING TO LOCAL HISTORY AS WELL AS A COLLECTION OF HISTORICAL MAPS AND EPHEMERA FROM THE COLLINS COMPANY (AX FACTORY) THAT OPERATED IN TOWN. A LECTURE SERIES BRINGS SPEAKERS FROM A VARIETY OF FIELDS RELATED TO HISTORY THAT AFFECTED CANTON. THE GENERAL PUBLIC IS THE PRIMARY AUDIENCE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $39,207

Program Service Revenue $299

Investment Income $2,670

Other Revenue $23,923

TOTAL REVENUE $66,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,852

Fundraising Expenses $5,931

Program Expenses $33,543

Other Expenses $48,514

TOTAL EXPENSES $56,366

Year-over-Year Comparison

	2024	2023	Change
Revenue	$66,099	$50,077	+0.3%
Expenses	$56,366	$48,613	+0.2%
Net Income	$9,733	$1,464	+5.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$4,800

Key Employees